It is an interesting question to ask oneself how the ideas of academic economists, like Adam
Smith or Jean-Baptiste
Say for example, were made available to the ordinary person who does not normally read multi-volume academic tracts. In the first half of the 19th century we see this role of popularizer of economic ideas being taken up by a number of people who wrote what we would now call economic journalism or who gave popular lectures to working class audiences or who wrote what might be called “economic stories or tales” which were sold in a cheap and popular book format. In France, Frédéric
Bastiat was a good example of the economic journalist who took complex economic theory and rendered it down for a more popular audience. In Britain there was Thomas
Hodgskin who gave lectures on free trade to “mechanics institutes” (what we might now call adult education groups) and who wrote articles for the recently founded “Economist” magazine (the forefather of the “Economist” which continues to this day). In the United States, we see William
Leggett defending free market ideas in a number of newspapers in the Jacksonian era. Women too were involved in this important task. Harriet Martineau and Jane
Marcet wrote semi-fictional “moral tales” with a strong economic component which were aimed at convincing working class audiences of the benefits of free trade, industrialization, and the free market in general. One of the best selling authors in this vein was Samuel Smiles (1812-1904). A Scot who originally trained as a doctor before turning to journalism fulltime, Smiles wrote for a popular audience to show people how best to take advantage of the changes being brought about by the industrial revolution which was sweeping Britain and other parts of the world in the first half of the 19th century. In his best known work, “Self-Help” (published in 1859, the same year as Charles Darwin’s “Origin of Species” and John Stuart
Mill’s“On Liberty”) he combines Victorian morality with sound free market ideas into moral tales showing the benefits of thrift, hard work, education, perseverance, and a sound moral character. He drew upon the personal success stories of the emerging self-made millionaires in the pottery industry (Josiah Wedgwood), the railway industry (Watt and Stephenson), and the weaving industry (Jacquard) to make his point that the benefits of the market were open to anyone.
Dr. David M. Hart